Canada’s one stop platform and the #1 National voice to the rental housing industry

Ontario property assessment notices should be in your hands

Posted in Appraisal, Bylaws / Regulations, Communications, Finance, Housing, Tax Law

Ontario property assessment notices should be in your hands

In Ontario assessment notices for multi-residential properties (properties with seven units or more) were mailed on October 18. Those assessments will be used by municipalities to calculate property taxes for the 2017-2020 property tax years.

Once property owners receive their notice, they can logon to to learn more. This self-serve website offers information tailored to the unique needs of multi-residential property owners at no cost, including:

  • Basic information for up to 100 properties such as address, property description, lot size Current Value Assessment and sales indicator.
  • An enhanced property profile report that provides the valuation and property-related information unique to multi-residential properties.
  • Enhanced property profiles for up to 24 properties that you believe to be comparable to yours.
  • A Methodology Guide that explains the assessment methodology MPAC used to value multi-residential properties for the 2016 assessment update and reflects appraisal industry standards and best practices.
  • A Market Valuation Report that explains how the relevant methodology has been applied to multi-residential properties.
  • General market trends for multi-residential properties.

Visit or for more details.

For more information, including a Canada-wide comparison, watch for the article on property assessments and taxation in the forthcoming issue of RHB Magazine.